ЗНАЧАЈ АРБИТРАЖНОГ РЈЕШАВАЊА СПОРОВА ЗА РАЗВОЈ МЕЂУНАРОДНОГ ПОСЛОВНОГ ПРАВА
THE IMPORTANCE OF ARBITRATION DISPUTE RESOLUTION FOR THE DEVELOPMENT OF INTERNATIONAL BUSINESS LAW

Summary/Abstract: International arbitration practice as lex mercatoria is of great importance for the development of international business law. In reference to the development of international economic relations, arbitrational settlement of international trade disputes has not only followed this growth, but has also, through the authority of deciding and executing arbitration awards, directly designed the same international economic relations. This is additionally confirmed by the fact of the existence of a large number of international sources which regulate this field. In other words, arbitrational settlement of international trade disputes cannot be separated and observed in isolation of the development of international economic relations, i.e. international business law.

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